535 Herndon Pkwy, Herndon, VA, 20170-5226, US

535 Herndon Parkway

Attributes

Land area gross

17,013 sm

Zoning

PC-TOC (Planned Development Transit-Oriented Core)

Investment strategy

Opportunistic

Asset description

Premier 4.2-acre development site located in the highly sought-after Herndon submarket in Northern Virginia. The PD-TOC zoning offers a range of business plan options and allows for a maximum density of up to 4.30 FAR, subject to approval of a development plan that aligns with the master plan for the Herndon Transit-Oriented Core. 535 Herndon Parkway presents a unique opportunity to develop a high quality multifamily asset and benefit from the long-term growth potential of the Herndon submarket

...

Investment highlights

Premier Northern Virginia Development Site: Rare Opportunity to Acquire 4.2-acre Development Site in the Heart of Herndon, VA
Nation-Leading Fundamentals: 3.8% Annual Submarket Rent Growth Projected over the next Three Years as Northern Virginia Continues to Outperform
Transit Oriented Development: Walkable to Herndon Metro Station (Silver Line) and unmatched vehicular access throughout the region via the Route 267 (Dulles Toll Road), Route 286 (Fairfax County Parkway), and I-66
Permanent Demand Drivers & Dynamic Employment Sector: Strategically positioned at the Intersection of Federal Spending & Big Tech. Amazon, Microsoft & Google Continue to Expand Along the Dulles Toll Road
Renowned Amenity Base: Highly Amenitized Micro-location Surrounded By Premier Retail Offerings: Reston Town Center, Halley Rise, Worldgate Centre, Plaza America
High-Caliber Renter Demographics: Desirable Renter Base & Fairfax County School System - $182K AHHI, 69% of residents hold bachelor’s degree or higher